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we had the cease fire now announced between israel and hamas. if there isn't peace in washington on avoiding a fiscal cliff, will these gains go away in a hurry? >> joining us now, rich bernstein, cnbc contributor, anthony chan, and our own bob posani. bob, so far we've seen, what, trade on two things, right? the middle east and fiscal cliff this week. make sense of it. >> right now this week shows we're up 2% right across the board. we're in the honeymoon period between congress and wall street about fiscal cliff. they think a deal can be done. most of the traders feel we've got until about the week of december 10th to show progress. after that, markets will start turning south. congress holds the keys to a good part of the gdp next year. if we get a decent deal on the fiscal cliff, a moderate agreement, we'll be at 2, 2.5% gdp growth. if we go over the fiscal cliff, we go probably 0% gdp growth and i'm sure that earnings will go negative. think about it. >> i think there's no question that if the federal reserve can't sort of make the economy
we had the cease fire now announced between israel and hamas. if there isn't peace in washington on avoiding a fiscal cliff, will these gains go away in a hurry? >> joining us now, rich bernstein, cnbc contributor, anthony chan, and our own bob posani. bob, so far we've seen, what, trade on two things, right? the middle east and fiscal cliff this week. make sense of it. >> right now this week shows we're up 2% right across the board. we're in the honeymoon period between congress...
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israel is balking at that. it's reportedly saying it agrees in principle to the lifting of that siege, but not to the timing. they say they want to postpone that, some say until after the elections. >> jim, thank you very much. >>> at $267 million u.s. prosecutors call it the most lucrative insider trading scheme ever. we get reaction from the judge who presided over the raj raj rat man trial and which tablet will santa be carrying this year? americans are always reado work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪
israel is balking at that. it's reportedly saying it agrees in principle to the lifting of that siege, but not to the timing. they say they want to postpone that, some say until after the elections. >> jim, thank you very much. >>> at $267 million u.s. prosecutors call it the most lucrative insider trading scheme ever. we get reaction from the judge who presided over the raj raj rat man trial and which tablet will santa be carrying this year? americans are always reado work hard...
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calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those same nests of terror. >> in gaza, more israeli air strikes. this building complex was repeatedly bombed. it houses the offices of the house must government. another hit the building that houses the offices of the news organization afp. residents fled the building. the strike killed three people, including a young boy who was taken to a nearby morgue. this woman says, "i am sat for every boy who comes to this hospital. even if he was a stranger, i will stay here until the last minute." despite the violence on wednesday, a cease-fire between israel and hamas was reached. >> we now go to cairo where the cease-fire was announced. tell us a bit more about the terms of today's deal. >> the details are still coming in, but it is pretty much what we reported a day ago -- basically, israel stop shooting at the gaza strip and stock -- s
calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those same nests of terror. >> in gaza, more israeli air strikes. this building complex was repeatedly bombed. it houses the offices of the house must government. another hit the building that houses the offices of the news organization afp. residents fled the building. the strike killed three people,...
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the mourners strongly criticized israel. >> translator: israel killed mothers and children. what did they do to deserve this? i want god's judgment. >> reporter: calls for retaliation are intensifying in israel and palestine, as the number of civilian casualties continues to rise. but an early cease-fire to put an end to the cycle of hatred is not yet in sight. nhk world, israel and the gaza strip. >>> eurozone finance minsters ended their all-night discussions. they failed to reach an agreement on providing extra funds for greece so they plan to meet again next monday. the ministers from the 17 eurozone countries began their meeting in brussels on tuesday afternoon local time. the talks focused on the additional bailout of over 31.5 billion euros. after over eleven hours the meeting ended without reaching a consensus. members couldn't agree on how greece could reduce the debts. the minsters skipped the news conference after the meeting. however euro group president jean-claude juncker told reporters that the talks are moving forward toward an agreement. he said members aim
the mourners strongly criticized israel. >> translator: israel killed mothers and children. what did they do to deserve this? i want god's judgment. >> reporter: calls for retaliation are intensifying in israel and palestine, as the number of civilian casualties continues to rise. but an early cease-fire to put an end to the cycle of hatred is not yet in sight. nhk world, israel and the gaza strip. >>> eurozone finance minsters ended their all-night discussions. they failed...
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>> reported a ceasefire but israel says there is no deal. but the democratic republic go cargo will remain in control of goma. clucks in >> order coming in of a ceasefire. hamas officials are saying a deal has been reached. >> israel and indeed to say the talks are ongoing. benjamin netanyahu has put in a call saying it's time to choose between peace and the sword. >> they are awaiting confirmation of a truce as they continue strikes ... and they continue rocket attacks. >> ceasefire talks at a crucial stage as negotiators continue to shuttle between israel and gaza. a delegation of arab league 04 ministers and other turkish counterparts meeting with hamas earlier in gaza. it's unclear if the visit was aimed of brokering a ceasefire or whether was a show of solidarity with hamas. egypt is at the center of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at
>> reported a ceasefire but israel says there is no deal. but the democratic republic go cargo will remain in control of goma. clucks in >> order coming in of a ceasefire. hamas officials are saying a deal has been reached. >> israel and indeed to say the talks are ongoing. benjamin netanyahu has put in a call saying it's time to choose between peace and the sword. >> they are awaiting confirmation of a truce as they continue strikes ... and they continue rocket attacks....
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meanwhile, israel is not taking any chances. tomorrow schools will remained closed if they're within 30 miles of the border. >> shannon: thank you. cease-fire appears to be a foreign policy achievement for the obama administration. many problems remain in the volatile of the tough neighborhoods. here is ed henry. >> president obama has a lot riding on the outcome in the middle east. violence flaring up weeks before the start of the second term. he was on the phone again today with two leaders he has a complicated relationship with. egyptian president mohammed morsi and israeli prime minister benjamin netanyahu. the president getting netanyahu to agree to the tentative cease-fire with the carrot of additional u.s. funding for iron dome and other missile defense progra programs. >> i have agreed we will fight weapons of terror. >> u.s. and israel knows they send the rockets to hamas through egypt, which is why the president is using more of a stick in the conversation with morsi. today, hillary clinton praising and pushing morsi,
meanwhile, israel is not taking any chances. tomorrow schools will remained closed if they're within 30 miles of the border. >> shannon: thank you. cease-fire appears to be a foreign policy achievement for the obama administration. many problems remain in the volatile of the tough neighborhoods. here is ed henry. >> president obama has a lot riding on the outcome in the middle east. violence flaring up weeks before the start of the second term. he was on the phone again today with...
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so israel is not winding down its assault on gaza. just to bring you up to date on a story again we're hearing from the reuters news agency just repeat what i mentioned a second ago. in israel has been agreed according to a palestinian official with knowledge of talks talking to reuters we will get more we want to confirm for you before we go any further course on the line now to talk about the military aspect of the conflict between gaza and israel. colonel it's currently an advisor of national security on the line with us thank you very much for taking the time to be on our international we know potentially on the brink of a ground invasion. this cease fire i just talked about notwithstanding of course we're trying to get more information on the you served in the israeli army for twenty eight years do you believe an invasion though would solve the issue of rocket fire so the airstrikes have been able to do so far. i think the ground operation by itself is not. it's not the main goal the main goal is to make sure that no further miss
so israel is not winding down its assault on gaza. just to bring you up to date on a story again we're hearing from the reuters news agency just repeat what i mentioned a second ago. in israel has been agreed according to a palestinian official with knowledge of talks talking to reuters we will get more we want to confirm for you before we go any further course on the line now to talk about the military aspect of the conflict between gaza and israel. colonel it's currently an advisor of...
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a bomb rips through an israels in tel aviv... as the worlds diplomats gather to y to end the violence. join us for cbs 5 eyewitness news this morning... beginng at 4:30. ,,,, >>> here's a look at the weather in some cities around the country. in washington partly sunny 57 degrees. sunny in atlanta 68. morning fog in st. louis 64 degrees. sun in denver 68 degrees and rain in seattle, 47 degrees. >>> in puerto rico former boxing champ hector camacho was shot and seriously wounded. he and a friend much sitting in a car when a gunman opened fire. his friend was killed. the shooting could leave him paralyzed. the puppeteer behind elmo has resigns after a second man said kevin clash had a sexual relationship with him when he was 15 years old. singleton is suing clash for more than $5 million. last week a man in his 20s accused him of having underage sex. nupdity may be a no-no in san francisco. the measured passed half nudists protested and were ushered out. . [ sad music playing ] [ knock on door ] your bags, sir. both: finally! one t
a bomb rips through an israels in tel aviv... as the worlds diplomats gather to y to end the violence. join us for cbs 5 eyewitness news this morning... beginng at 4:30. ,,,, >>> here's a look at the weather in some cities around the country. in washington partly sunny 57 degrees. sunny in atlanta 68. morning fog in st. louis 64 degrees. sun in denver 68 degrees and rain in seattle, 47 degrees. >>> in puerto rico former boxing champ hector camacho was shot and seriously...
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we understand that a cease fire between israel and hamas could be announced. we're looking at the secretary of state who's in cairo. that's hillary clinton speaking there. but again, the news we're learning here is that the cease fire between israel and hamas could be announced sometime later this afternoon. comes on a day when there was that bus bombing in tel aviv. at least 27 people injured there. we've been watching the reaction in the oil markets. as officials try and forge a cease fire in the region. we'll certainly keep you up to date on what's happening there as we look at the secretary of state who's in cairo right now. guy, where do you want to go from here? jackie? is jackie still there? >> i'm still here. >> oil trade. >> the news of the cease fire potentially impacting what we're seeing in the pits, but let's talk about the gold story. what are you looking at right now in terms of the fiscal cliff deal and also, this news coming out? >> oil just turned negative. down to about 20 cents a barrel after being up about 75 cents a barrel earlier in the
we understand that a cease fire between israel and hamas could be announced. we're looking at the secretary of state who's in cairo. that's hillary clinton speaking there. but again, the news we're learning here is that the cease fire between israel and hamas could be announced sometime later this afternoon. comes on a day when there was that bus bombing in tel aviv. at least 27 people injured there. we've been watching the reaction in the oil markets. as officials try and forge a cease fire in...
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in tel aviv israel. the blast comes amid an ongoing israeli operation against cause of a mosque rulers.hamas rulers. wetr across the bay area this morning looking live at the bay bridge it is busy on the busiest travel day as a year. best tackle the forecast in just a bit pitiful look at the forecast. >> if you are watching wall street the dow up 26 points. 12,00814 and early we search. we had the unemployment numbers come out to day. they're kind of false because of the hurricane. weekly u.s. employment benefits applications fall to 410,000. superstar said it distorts figures. we will see employment improve next year fiscal cannot and all back into 2013. i like where we are. my advice that-we had this big dips as that of freaking out many think is an opportunity to buy stock. >> john deere had their profits come out this morning. i am not man enough to get out a john deere tractor but i dream of it. the largest agriculture accord maker. about 3.2 billion again we know you are up and down 5%. long term n
in tel aviv israel. the blast comes amid an ongoing israeli operation against cause of a mosque rulers.hamas rulers. wetr across the bay area this morning looking live at the bay bridge it is busy on the busiest travel day as a year. best tackle the forecast in just a bit pitiful look at the forecast. >> if you are watching wall street the dow up 26 points. 12,00814 and early we search. we had the unemployment numbers come out to day. they're kind of false because of the hurricane. weekly...
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an agreement to end the rockets into southern israel and israel decided to end the assassinations of hamas and jihad leadership inside the gaza strip. granger and weapons smuggling and also egypt guaranteeing the fact the rockets would not fly. the whole hamas responsible. we are on day eight of what has been a punishing ground air war between hamas and israel, more than 5000 targets hit inside the gaza strip, 140 palestinians dead, five israelis dead, more than 1000 rockets launched here into israel. it is important to note how this changes the strategic map of the middle east. a couple of years ago was in jail as a leader of the muslim brotherhood. major see cease-fire deal. secretary of state hillary clinton have all spoken to his help in securing the cease-fire deal. now you just wait to see if in the next 29 minutes if it is all quiet on the southern front. back to you in new york. melissa: probably not. thank you so much. return to the middle east analyst and author of the coming resolution. thank you for joining us. give us your reaction to the breaking news right now. >> what
an agreement to end the rockets into southern israel and israel decided to end the assassinations of hamas and jihad leadership inside the gaza strip. granger and weapons smuggling and also egypt guaranteeing the fact the rockets would not fly. the whole hamas responsible. we are on day eight of what has been a punishing ground air war between hamas and israel, more than 5000 targets hit inside the gaza strip, 140 palestinians dead, five israelis dead, more than 1000 rockets launched here into...
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hamas and israel continue their aerial assault on each other. hamas has launched more than 200 rockets in the past 24 hours and israel bombed dozens of targets overnight. >> we are in a battle to save lives. >> reporter: israeli prime minister benjamin netanyahu met with secretary of state hillary clinton tuesday night. he says israel is hoping for a peaceful end to the fighting. >> if there's a possibility of achieving a long-term solution to had problem through diplomatic means, we prefer that. >> reporter: clinton assured israel of u.s. support. >> the rocket attacks from terrorist organizations inside gaza on israeli cities and towns must end. >> reporter: secretary clinton met with palestinian leader mahmoud abbas this morning and will meet with egyptian president mohamed morsi later today. >> the goal must be a durable outcome that promotes regional stability and advance the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace deal. his muslim
hamas and israel continue their aerial assault on each other. hamas has launched more than 200 rockets in the past 24 hours and israel bombed dozens of targets overnight. >> we are in a battle to save lives. >> reporter: israeli prime minister benjamin netanyahu met with secretary of state hillary clinton tuesday night. he says israel is hoping for a peaceful end to the fighting. >> if there's a possibility of achieving a long-term solution to had problem through diplomatic...
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in one hour's time a cease-fire will take effect in israel. israel and hamas have agreed to stop the shooting, end days of rocket attacks and bloodshed. it is officially set now to go into effect at 9:00 p.m. local time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president
in one hour's time a cease-fire will take effect in israel. israel and hamas have agreed to stop the shooting, end days of rocket attacks and bloodshed. it is officially set now to go into effect at 9:00 p.m. local time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv....
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one of the huge cities in israel. as we are watching the last couple of days from rockets from hamas lobbying into israel, they have reached places, they have reached neighborhoods in and around tel aviv and jerusalem and the rest of the country. so again, we don't know what caused this explosion. this is all very fresh. you see people racing about. we don't know injuries, presumably there are injuries based upon these pictures and the bus there. >> you can see the pictures on the left side of the screen. that's coverage from a television station in tel aviv. the fighting raged overnight. they were not able to secure a cease-fire. the fighting raged overnight into the morning and now you've got secretary of state hillary clinton on her way to a meeting there today with mohamed morsi to broker a near-term cease-fire piece. but just showing you the violence continues with this explosion on a bus in tel aviv. we know there are injuries and we'll update you with details as we get them. >> we have reporters on the ground i
one of the huge cities in israel. as we are watching the last couple of days from rockets from hamas lobbying into israel, they have reached places, they have reached neighborhoods in and around tel aviv and jerusalem and the rest of the country. so again, we don't know what caused this explosion. this is all very fresh. you see people racing about. we don't know injuries, presumably there are injuries based upon these pictures and the bus there. >> you can see the pictures on the left...
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five killed in israel. and spencer has more on the diplomatic pressure to end the fighting. >> instead of a cease-fire deal israel launched a new round of mitchell's interrupting reporters covering the conflict. there were reports of progress of a truce but as the day ended there was still no compromise. >> if there is a possibility of receiving a long-term solution to this problem for diplomatic means would prefer that. but if not i am sure you understand that israel will have to take whatever action is necessary to defend its people. >> let me say we are open for all diplomacy in order for in into this crisis. we are also said to do we are supposed to do in order to protect our people and the future of our country. >> secretary of state hillary clinton is in the region for what she calls it the escalation of the f fighting she met with prime minister benjamin ya ho--improve conditions for the people of gaza and move toward a comprehensive peace for all people of the region. >> i in interest and to reporti
five killed in israel. and spencer has more on the diplomatic pressure to end the fighting. >> instead of a cease-fire deal israel launched a new round of mitchell's interrupting reporters covering the conflict. there were reports of progress of a truce but as the day ended there was still no compromise. >> if there is a possibility of receiving a long-term solution to this problem for diplomatic means would prefer that. but if not i am sure you understand that israel will have to...
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this was just unraveling as secretary of state hillary clinton arrived in israel. she met with prime minister netanyahu into the evening to try to come to terms with negotiations for a cease fire. then again today, she met with the palestinian authority in the west bank and we're told she's actually once again now meeting with netanyahu and other senior israeli officials, trying to broker some sort of peace deal. after this, she was planning to travel to egypt, which has been the center of negotiations, really. the u.n. secretary-general is also in the region. so we seem to have the power players of the diplomatic world in the region, trying to come together with some terms to stop this violence. but violence continues, even though it seemed like we're so close to a cease fire, the finer details are being worked out, the violence continues in gaza. overnight, israeli defense forces attacked again about 100 targets in the gaza strip. today, the militants within the gaza strip have launched about 30 rockets into israel, so the violence continues, even though we seem
this was just unraveling as secretary of state hillary clinton arrived in israel. she met with prime minister netanyahu into the evening to try to come to terms with negotiations for a cease fire. then again today, she met with the palestinian authority in the west bank and we're told she's actually once again now meeting with netanyahu and other senior israeli officials, trying to broker some sort of peace deal. after this, she was planning to travel to egypt, which has been the center of...
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mills and rocket fire into israel has killed at least five israelis. secretary of state clinton is going back to jerusalem for another round of meetings with israeli leaders. she is trying to help negotiate an end to the fighting in gaza. early today, she met with the with presidentsabbas the west bank. general john allen has return to afghanistan to exhume his duties more than a week after the pentagon says it is investigating him for what he -- what they call an appropriate occasions with a woman linked to the david petraeus scandal. general allan was expected to testify before a senate committee last thursday on his nomination to become the commander of u.s.-european command and the top nato general. that nomination has been put on hold. finally, president obama pardons' the national thanksgiving turkey this afternoon at a white house ceremony. the tradition started back in 1963 with president john kennedy. those are some of the latest headlines on cspan radio. [video clip] the name of this place still resonates with the shuddering in the hearts of
mills and rocket fire into israel has killed at least five israelis. secretary of state clinton is going back to jerusalem for another round of meetings with israeli leaders. she is trying to help negotiate an end to the fighting in gaza. early today, she met with the with presidentsabbas the west bank. general john allen has return to afghanistan to exhume his duties more than a week after the pentagon says it is investigating him for what he -- what they call an appropriate occasions with a...
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a terror attack inside israel. a bomb on a bus in tel aviv. ten injuries reported. secretary of state clinton is in jerusalem and she goes to cairo today. this is "varney & company," an all star, pre-holiday lineup. here we go. >> top story. the unions are excertifying maximum pressure right now the at worst possible time. people want to shop and unions are making both difficult. sciu expects more than a thousand marches at los angeles international airport and say the company they work for, a contractor for the airport broke the union and took away health insurance and demonstrating. and protests planned at o'hare in chicago. a new company providing custodial services there, nonunion, protests. and a strike, and another one at the port in portland. and a huge protest planned at one thousand wal-mart stores on friday. workers angry about wages and benefit and threaten to tie up wal-mart parking lots on what is a crucial shopping day and hostess, the bakers union refusing to make a deal and now the company is going to be liquidated. yes, it is, 18,000 jobs or ther
a terror attack inside israel. a bomb on a bus in tel aviv. ten injuries reported. secretary of state clinton is in jerusalem and she goes to cairo today. this is "varney & company," an all star, pre-holiday lineup. here we go. >> top story. the unions are excertifying maximum pressure right now the at worst possible time. people want to shop and unions are making both difficult. sciu expects more than a thousand marches at los angeles international airport and say the...
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considered a terrorist organization by the united states because it continues to refuse to recognize israel as a state. the united states has a policy of not negotiating with terrorist organizations. that's why she's not speaking with anyone in gaza. her visit comes hours after a meeting with israeli officials that lasted late into the night. >>> let's take a look at the markets this morning. we already showed you the futures. they are down slightly. dow futures down by about 23 points. in europe this morning, you'll see that -- also, by the way, a lot happened yesterday. ben bernanke started talking, when he raised some concerns about the fiscal cliff, that once again put pressure on the markets. that's when things turned down yesterday. you'll see in europe, barely budging at this point. in france, the cac is up by about a point. the ftse is down by less than five points. in germany, the dax is up by less than three points. overnight in asia, you'll see that in japan, the nikkei was up by about .8 of a percent. the shanghai composite up by about 1%. the hang seng was up by 1.4%. oil price
considered a terrorist organization by the united states because it continues to refuse to recognize israel as a state. the united states has a policy of not negotiating with terrorist organizations. that's why she's not speaking with anyone in gaza. her visit comes hours after a meeting with israeli officials that lasted late into the night. >>> let's take a look at the markets this morning. we already showed you the futures. they are down slightly. dow futures down by about 23...